UPDATE 1-French group Edenred confident for 2018, hikes dividend after record 2017 earnings [Reuters]
Mastercard Incorporated (MA)
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Source: Reuters
UPDATE 1-French group Edenred confident for 2018, hikes dividend after record 2017 earnings | Reuters Reuters Staff 4 Min Read * 2017 EBIT 437 mln euros, up 13.1 pct l-f-l * Hikes 2017 dividend by 37 pct, eyes targeted acquisitions * Expects sustained growth in Europe to continue in 2018 (Adds CEO comments from call) By Dominique Vidalon PARIS, Feb 20 (Reuters) - French prepaid meal voucher and card provider company Edenred expressed confidence over 2018, predicting sustained growth in Europe and Latin America even as economic conditions in Brazil remained challenging. Edenred, which helps firms manage staff expenses and benefits and is best known for its “Ticket Restaurant” vouchers, made the forecast after reporting record 2017 earnings and handing investors a 37 percent dividend hike. “This is a new record year with all key indicators at historic levels and in comparable terms we are ahead of our targets,” Chief Executive Bertrand Dumazy told journalists. “The performance achieved
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